EPFO: Just one mistake and there will be a loss of Rs 7 lakh with PF pension, see immediate update
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EPFO: If you are also a working person, then some money will be deducted from your salary and sent to the Employees Provident Fund Organisation.Employee Provident Fund Organization) deposit. There are many big benefits of depositing money in PF account. In this, along with getting interest on the deposited amount, the investor also gets the facility of insurance in case of any accident.
EPFO: In recent times, the process of claim settlement has been made quite easy by EPFO. This means that you can get money quickly at the time of need. But, due to one small mistake of yours, you can lose seven lakh rupees of PF money, pension and insurance.
Employees Provident Fund has announced that without nomination your provident fund account will not be operative. Pension or death claims of EPFO account holders will be settled only when e-nomination is done in the member’s account. However, investors need not worry. EPFO account holders are getting many facilities under Digital India Program. Account holders can file their nomination online.
Earlier, to file nomination, EPFO account holders had to fill Form-2 in hard copy and submit it to the EPF office. But, now you can make your family member a nominee through the e-seva portal while sitting at home. If you want to make more than one member of your family a nominee, then there is an option for that also.
EPFO account holders, to add the name of the nominee in their account, first go to. After this log in using your UAN and password. View Profile option is given. In this, click on nomination update.
Upload a passport size photograph of the person you want to be your nominee. After this, go to Manage section and click on e-Nomination. Next, enter your relationship with your family member, nominee name, Aadhaar number, photo, date of birth, bank account number.
Next, click OK. On the next page you will see the option of e-sign. Click on it. After this, generate OTP through Aadhaar. File your e-nomination by entering the OTP.
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